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FRANCE FINANCIALS WEEKLY F/X COMMENT

Big moves afoot here.  You can tell that because my weekly report is a day early.  Don't worry, I'm not deserting the sinking ship 'Euro'.  Actually I'm off to support the French economy with a long weekend in Provence.  I sincerely hope that the single currency will still be in place when I get back.

Currency moves are so quick and volatile this week that despite the dire weakness of the Euro, sterling is still down at 1.1501 as I write.  In the short term this has to be temporary.  The Euro is in the merde.  The vultures are hovering.  We could actually see a concerted attack by the currency markets that could de-stabilise the whole project.

Our editor Martin has quite rightly asked me to ditch all the boring bit in the middle of this weekly epistle, and come up with something more interesting and current, and I know he's right.  We'll go for a shorter, more pertinent column from next week, but for now I'm off for a long weekend!

My forecast for close of business next Friday?  1.1900   Brave/Stupid?  We'll see.

A bientot,   Rob

Rob Hesketh and France Financial

Rob moved to France in 2003 after working for 30 years in International Banking in the City of London and Brussels.  He joined the Spectrum IFA Group in 2005 and became registered and authorised by the French fiscal authorities in mid 2006.  He is now a partner in Spectrum and looks after client relationships in the South West of France.

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